this post was submitted on 22 Mar 2024
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US urged Ukraine to halt strikes on Russian oil refineries (www.ft.com)
submitted 7 months ago by [email protected] to c/[email protected]
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The US has urged Ukraine to halt attacks on Russia’s energy infrastructure, warning that the drone strikes risk driving up global oil prices and provoking retaliation, according to three people familiar with the discussions. [...]

One person said that the White House had grown increasingly frustrated by brazen Ukrainian drone attacks that have struck oil refineries, terminals, depots and storage facilities across western Russia, hurting its oil production capacity.

Russia remains one of the world’s most important energy exporters despite western sanctions on its oil and gas sector. Oil prices have risen about 15 per cent this year, to $85 a barrel, pushing up fuel costs just as US President Joe Biden begins his campaign for re-election.

Un-paywalled link: https://archive.ph/wv1Y3

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[–] [email protected] 14 points 7 months ago

tbf, leveling secondary sanctions on both China and India would probably burn the global economy to the ground, and wouldn't even accomplish the desired goal. They just don't need us if they all have each other. We're not as powerful as we pretend, unless you count our direct military capabilities.